Busan, the second largest city in Korea with approximately 3.7 million residents, has a very strong presence with the movie industry and the focus of the IDC will be in the application for entertainment. It will also be a research center for Virtual Reality. Busan Metropolitan City will provide the administrative support for the establishment and EON Reality, Dong-eui University, Youngsan University, and VR Korea will establish and run the IDC. The center will hire over 50 employees from Busan Metropolitan City within 5 years of its establishment to nurture local VR experts and create new jobs. The total investment of the IDC is $2.5 million.

“We are honored to be selected by Busan Metropolitan City, Dong-eui University, Youngsan University, and VR Korea to develop an IDC,” said Dan Lejerskar, chairman of EON Reality. “Our software tools and applications provide the ability to create realistic and authentic experiences based on 3D visualization technology, and we are confident the IDC will give the region additional advantage within the entertainment industry.”